Sterling is again moving in tandem with the stock market, weakening against the euro and dollar. Today’s industrial production figures showed continuing weakness in the sector, although there are hopes of a slow recovery.
In the Eurozone, there is further optimism as international borders are to be recommended to re-open from 1st July, with lockdowns continuing to ease.
Meanwhile, the dollar is benefiting from its safe-haven status after reports of an increase of coronavirus infections in some US states. The markets will be watching today’s consumer sentiment figures closely today in America, expected to show a slight increase month-on-month.
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